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Enron Mail |
---------------------- Forwarded by Darron C Giron/HOU/ECT on 06/26/2000
06:07 PM --------------------------- From: Kevin P Radous @ ENRON 06/26/2000 11:13 AM To: Darron C Giron/HOU/ECT@ECT cc: Subject: NSS Narrative Darron, I am forwarding to you some info on the NSS transaction. I don't know if you are interested or not but here it is. ---------------------- Forwarded by Kevin P Radous/Corp/Enron on 06/26/2000 11:11 AM --------------------------- From: Kevin P Radous 06/22/2000 09:49 AM To: t.allen@pecorp.com cc: Subject: NSS Narrative Tim, The document attached directly below this verbage is what I included to our risk folks as we discovered that the way we were booking NSS was not correct. Below this attachment is our risk director's independent solution to the problem; you will note that it is the same conclusion that we (Richard and myself) came up with (see the e-mail I sent at the very bottom of this e-mail). Hopefully this will help. Kevin ---------------------- Forwarded by Kevin P Radous/Corp/Enron on 06/13/2000 09:06 AM --------------------------- To: Kevin P Radous/Corp/Enron@ENRON cc: Subject: Re: Proposed Change to correct the flaws regarding the NSS program Kevin, your not going to believe me but as soon as I got your revised E-Mail, I had the answer for you. From: Kevin P Radous @ ENRON 06/12/2000 06:35 PM To: Kam Keiser/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT, Steve Jackson/HOU/ECT@ECT cc: Richard Tomaski/Corp/Enron@Enron, Lee Fascetti/Corp/Enron@Enron, Carrie Hollomon/HOU/ECT@ect, Laura Luce/Corp/Enron@Enron Subject: Proposed Change to correct the flaws regarding the NSS program Richard, Lee, and myself met this afternoon and reviewed the memo I prepared intending to find and propose a solution to our existing valuation problem. We think we have the answer. We would appreciate any comments from our risk experts. The following change to our existing deal is what we think will solve the problem. All that we are doing is changing the fixed price on Legs 2 and 3 to 0. If you refer to the example mentioned in my earlier memo, you will note that the p/l attributable to this deals should be 52,777; by changing these legs to 0 we accomplish this end result. I look forward to any feedback any of you may have to offer.
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